• Kyodo

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The International Monetary Fund (IMF) forecast on Tuesday Japan’s economic growth to be 2.4% in 2021 from a year before, down 0.4 percentage points from its July estimate as the most recent wave of coronavirus infections further curtailed business activities in the world’s third largest economy.

Global growth projection for 2021 was trimmed 0.1 point to 5.9%, reflecting forecast downgrades for advanced economies, partly due to longer-than-expected supply disruptions stemming from the coronavirus pandemic, and also for low-income developing countries struggling with the slow rollout of COVID-19 vaccines.

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